Vard to continue negotiations for Norwegian Coast Guard trio

OCTOBER 13, 2017 — Vard Holdings Limited reports that it has been invited to continue negotiations for the construction of three vessels for the Norwegian Coast Guard.

The Norwegian Government had originally announced plans for the construction of three new Coast Guard vessels in September 2016. Following review of offers from three competing shipbuilders, Vard's Langsten, Norway, shipyard has now been selected to continue negotiations.

If the negotiations are successful, according to the Government's timetable, the project will be submitted for approval by the Norwegian Parliament in 2018. Delivery of the first vessel would be in 2022.